Strong Demand Drives Expansion of Tesla Residence in West Cairo

Tesla Developments has successfully sold out Phase One of its flagship Tesla Residence

project in record time, reinforcing the project’s strong market appeal and paving the way

for the launch of Phase Two The new phase is expected to witness robust demand, fueled

by increasing interest from both homebuyers and real estate investors seeking high-return

investment opportunities in West Cairo

Client Confidence Reflects Strength of Tesla Developments’ Vision

Commenting on the achievement, Alaa El-Sheikh, Chief Commercial Officer at

Tesla Developments, said that the rapid sell-out of the first phase reflects clients

confidence in the company’s strategic vision and its ability to deliver a fully integrated

real estate development He noted that the project stands out due to its prime location

mixed-use concept, and high standards of planning and execution, making it attractive

to a wide range of buyers looking for residential and investment properties in West Cairo

Launch of Phase Two Featuring Fully Furnished, Hotel-Managed Units

El-Sheikh revealed that the company is currently rolling out Phase Two of Tesla Residence

which will include serviced residential units with hotel management, delivered fully finished

and furnished in line with international standards He added that early market indicators and

strong inquiry volumes point to high anticipated demand, supported by the phase’s strong

investment returns, ease of operation, and professionally managed services The hotel

management company responsible for operating the serviced units will be announced shortly

Prime Location Enhances Investment Value

Located on 26 acres in West Cairo, Tesla Residence enjoys a strategic position directly

opposite MSA University on Al-Wahat Road, offering excellent accessibility and sustained

rental and end-user demand The location significantly enhances the project’s long-term

investment value

A Fully Integrated Mixed-Use Development

Designed as a comprehensive mixed-use destination, Tesla Residence integrates residential

retail, hospitality, administrative, and medical components The development includes residential

units in various sizes, a 450-meter commercial promenade, a dedicated medical building, and

multiple administrative buildings—ensuring continuous activity and strong operational performance

across the project

Four-Phase Development with Delivery Timeline

Tesla Residence is being launched across four sales phases, with unit deliveries scheduled to

begin within three years, following a clearly defined construction timeline The project reflects

Tesla Developments’ ambition to deliver a distinctive, fully integrated real estate landmark in

West Cairo, El-Sheikh concluded